Banks snapping up windfall from gaping interest spread
Banks are bagging a windfall from gaping spread between lending and deposit interest rates that banking experts dub a violation of relevant guidelines and international best practices. On an ascent in a pickup from a descent two years back, the interest-rate spread for banks recorded a significant rise in March...
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Gas distributor gets lavish on borrowed money, receives PC rebuff
A gas-pipeline project is spurned by government planners for a lavish estimation of expenditures, including a fat consultancy cost, to be funded with local and foreign loans, insiders said Friday.Titas Gas Transmission and Distribution Company PLC proposed to spend Tk 3.085 billion for consultancy service alone out of the Tk...
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CAAB hopes to complete negotiation with Japanese consortium by June
The Civil Aviation Authority of Bangladesh (CAAB) is expecting to complete the negotiation with the Japanese consortium that will take the charge of operation and maintenance work of the newly-built third terminal of the country's prime international airport by June this year.CAAB Chairman Air Vice-Marshal Md Monjur Kabir Bhuiyan told...
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BD cancels $21m deal with Indian defence shipyard amid strained ties
Bangladesh has reportedly cancelled a $21-million contract with Kolkata-based defence shipyard Garden Reach Shipbuilding & Engineers (GRSE) for the construction of an advanced ocean-going tug amid fraught ties with India.The agreement, signed last year, involved the design, construction, and delivery of a 61-metre, 800-tonne tug within 24 months, Times of...
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Uncertainty looms large following speculation of Dr Yunus' resignation
Uncertainty looms large over the future political course of the country after the disclosure by NCP Convener Nahid Islam to the media on Thursday night that Chief Adviser Professor Muhammad Yunus was considering resignation.Rumours about Dr Yunus's resignation had been there in the air since this disclosure, though several advisers...
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Concrete traffic blocks lie scattered close to a road divider
Concrete traffic blocks lie scattered close to a road divider on a thoroughfare in the High Court area of the capital, obstructing smooth run of vehicles. The photo was taken on Friday. — FE photo by Asad-Uz-Zaman
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Prayer Timings (2025-05-24)
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